IMD Update: Thunderstorms likely in coastal AP, Rayalaseema, Karnataka for a week
IMD expects a week of heavy rains, thunderstorms, and gusty winds across the South Peninsula, signaling the north-east monsoon transition.
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TCS Q2 Results LIVE: TCS Q2 con. PAT up 15% y-o-y, GM Breweries sink post results
TCS Q2 results today live updates: Find all the latest Q2 results 2026 updates of TCS, GM Breweries, Onix Solar Energy, Lotus Chocolate Company, KR Rail Enginerring, Indbank Housing. Tata Consultancy Services (TCS) is expected to report healthy margin expansion despite only modest revenue growth in…
RBI rate hike: Your home loan EMI just went up
The monetary policy committee (MPC) voted unanimously for the increase and adopted a stance of "calibrated tightening". RBI Governor Sanjay Malhotra said rate cuts were off the table for now, leaving a further increase or a pause as the choices at future meetings. The impact on existing borrowers wi…
NBFC services to banks will attract 18% GST
The interest on the underlying loan will remain exempt from GST. The 18% levy will apply to the taxable service supplied by the NBFC to the bank in the co-lending arrangement. The committee also decided to align the valuation of the NBFC's service with the methodology prescribed by the Reserve Bank…
Govt asks banks to develop a sector-wide quantum transition along with an AI resilience framework
According to the industry, major concerns in this segment include 'harvest now, decrypt later' threats, where cyber adversaries stockpile encrypted banking data for future quantum decryption. The finance ministry has also asked banks to assess post-quantum vulnerabilities and initiate mitigation mea…
New RBI data reveals a recast of India's overnight money market numbers
During the first half of the fiscal year 2026-27, private sector banks saw their share in the tri-party repo market come down, while public sector banks boosted their position in the collateralised overnight money market. Notably, mutual funds maintained a strong presence in the tri-party repo marke…
RBI brings new rule for banks to measure risks from derivatives, other such dealings
The Reserve Bank of India has set a Rs 25,000 crore threshold for banks to adopt new credit risk approaches. Banks with considerable derivative exposure or international presence will come under this rule. Lenders below this threshold can choose alternative risk measurement methods.
FCNR inflows to keep cap on bank deposit rates
The liquidity from the foreign currency non-resident deposits is likely to stabilize bank deposit rates temporarily. This situation will allow banks to benefit from higher lending rates associated with floating rate loans. Despite the current surplus liquidity, analysts foresee a shift towards neutr…
RBI opens up Account Aggregator network, making financial data sharing easier for consumers
The Reserve Bank of India has introduced inter-operability among various Account Aggregators to simplify information sharing. Customers will be able to authorize financial data sharing with banks and lenders. This interconnected system eliminates the need for users to switch platforms for different…
Mint Explainer | What RBI's rate hike means for retail borrowers and lenders
For retail borrowers whose floating-rate loans are linked to the repo rate, either monthly payouts will rise, or the tenure of their repayments will increase. Lenders will soon start passing on the revised interest rates.
Product's form at sale, not end use, will determine tax rate: Supreme Court
The Supreme Court has ruled that the tax rate applicable to a product must be determined by its physical form at the time of sale, not its eventual use. The court dismissed revenue appeals seeking to tax Cadila Healthcare's GRD Powder and GRD Mix as non-alcoholic beverages at 10%.
Private credit loses edge as new funding options open up for companies
In the evolving world of private credit, the availability of high-yielding deals is dwindling, thanks to intensified competition and new regulatory measures. During the first half of 2026, a considerable volume of private credit transactions was listed below the 18% mark. With banks now venturing in…